UNI · 1H · DOWNTREND

The long from my last read completed its full cycle — confirmation triggered at 7.538, Target 1 at 7.65 reached, then price reversed hard and took out the 7.38 invalidation on the way down. That move is done. What I'm looking at now is a clean breakdown: price fell from the 7.79 swing high, sliced through every MA, closed at 7.077 on the last completed 1H candle, and printed a wick low to 7.00 before bouncing back to 7.10. Every MA is stacked bearishly — EMA 9 at 7.17, EMA 20 at 7.29, EMA 50 at 7.36, EMA 200 at 7.31 — all above price and pointing down. The daily trend is sideways, so this 1H downtrend is a move inside a larger range rather than a clean multi-day trend — I'm treating it accordingly.

The dense liquidation cluster at 7.01 just got swept, which removes some of the downside fuel immediately below. The next dense cluster sits at 6.68, then 6.46. A bounce from that 7.00–7.01 zone is natural — that cluster acted as a magnet and the sweep is done — but with all four MAs overhead and price below the 200, any bounce is a sell into resistance, not a long. The setup I want is a rally back into the falling MA cluster, then a rejection close. I'm not chasing the low at 7.10 — the entry quality is poor mid-range, and the bounce off 7.01 could carry further before sellers take control again.